June 29, 2012

Future Oil Prices till 2035, per AEO2012

Future oil prices till 2035, per AEO2012.

Source: EIA

AEO2012, EIA’s annual energy outlook, forecasts oil prices through 2035.

Oil Prices in 2035  (per barrel)

Lowest                          $62
Reference case              $145
Highest                         $200

The reference oil priced is similar to WTI.

Each forecast makes assumptions for world economic growth, oil production and oil consumption.

Tags: future oil prices, oil price forecasts, oil prices in 2035, what will be the price of oil, how high will oil prices go, when will oil prices fall